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Financial Stability Development Council

Asked 1 times in UPSC Prelims · first asked 2016 · last asked 2016

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With reference to 'Financial Stability and Development Council', consider the following statements: 1. It is an organ of NITI Aayog. 2. It is headed by the Union Finance Minister. 3. It monitors macroprudential supervision of the economy. Which of the statements given above is/are correct?

2016Economy
A1 and 2 only
B3 only
C2 and 3 only
D1, 2 and 3

Explanation

The Financial Stability and Development Council is a high-level institution established by the Indian government. It operates within the Department of Economic Affairs and is led by the Union Finance Minister.